Intermarket Analysis: Profiting from Global Market Relationships

I am a professional equity analyst. Although I've spent time analyzing stocks and sectors under my coverage, studying different markets and understanding the share price movements within a much bigger context has always been a grey area and something that made me feel uncomfortable with all the time... until I came across this book.I think the great thing about the book is how the text is laid out. Usually in a book, you read about all the concepts first and spend hours trying to understand what they are, and then you see examples related to the concepts. In this book, Mr Murphy lays out a long-term market panorama before your eyes - and while you're reading about what the markets did during each time, you can quite easily pick up the bits and pieces of his theory that he puts here and there so that when you're done reading the market history, you end up with an understanding of Mr Murphy's intermarket principles in addition to the market history... which makes this a very readable book and yet extremely informative. This book is a bit outdated but I believe the book still has plenty of value for most readers.

John Murphy's Intermarket Analysis is a thesis that markets such the currency, commodities, bond, stocks, and market sectors are and have been inter-related.This is a pretty good book. This book offers a very big picture of the global markets. If you're trading experience only encompasses the past 3 years, this book give a bigger picture from 1980 and 2003.Note that this book was copyrighted at 2004, so there is no mention of the 2007-2008 crash. Nevertheless, this book shows relationships between markets and offers ideas on why one influenced the other.Before reading this book, I mostly looked at daily, hourly, and 30 min charts. After reading this book, I now look at the daily, weekly, and monthly charts. Also, I was pretty weak on what happened during the 80's, 90's, and early 00's. This book explains a lot about those years.I would recommend this book to intermediate investors who want to understand the behavior of markets and who want to learn the direction of markets from 1980 to 2003. If you're a beginner investor, you might want learn basic technical analysis. This book is not a primer.

This is one of the best books on finance I have ever read - (I have over 200 books on finance). Most finance books only analyze that portion of the market relevant to their system. This book does a great job of pointing out the interactions that affect the different investment markets and how these interactions affect investment categories such as stocks, bonds etc.Key features of the book:1. Factors that affect different investment categories such as bonds, currencies, stocks.2. How these factors impact stocks, bonds, currencies etc.3. How interactions between stocks, bonds, currencies then affect the financial markets.4. Provides a list of key factors to watch in order to detect shifts in the markets.Finally, Intermarket Analysis is not your typical dry finance book with page after page of equations and text. Instead, the author John Murphy, has filled this book with visually attractive charts and graphs which do a great job of conveying his message.

The original book Intermarket Technical Analysis was great for its time, however some of the relationships it described change in a deflationary environment which the author suggests we are in. However, the best reason for the rewrite was the writing in the earlier book was terrible in my opinion. It was a terribly boring book -- even if you are interested in the topic.This book is different, and is a much better book. It also seems to me that the sector analysis coverage is a little more thorough (although I have not opened them up side by side to tell).The only downside of this book is I don't think it gives you as many practical tools for tracking the business cycle and sector rotation as Pring's book, how to select stocks using technical analysis. It will give you the basics though, relying heavily on comparative relative strength.If you want to see the big picture and understand how the markets are tied together, I can without hesitation recommend this book. There are several other books that complement this one as well.

I should have bought this book and the 1st one when they came out. Kept thinking they where not for me, as I day trade. But after I put this information into my thinking ,"themes" came to my trading like the oil air line trade,or a better understandxing of the gold trade, when it should show up eg switch from deflation to inflation.Or the us dollars affect on the market.Also every kid in school should get these books. You understand why you have a job, when you have to move for work.It is not your fault that your industry is laying off people, and what you should do about it. They sector pyramidlays out a time line that makes sense. One you can follow the daily news with, and have a keen understanding.

John J Murphy doesn’t need “any” extra confirmation, the prove of his skills keeps pouring in from those who seek to learn or heighten their financial abilities in the financial world. It’s a publication purchased to keep up.

This book has been fascinating, not that it doesn't already make sense that markets are inter-related, but that the connections are explained and mapped out with understandable charts. Since it was published several years ago, it will be interesting to start looking at charts from the subsequent years to see how things went compared to where things were at the time of publication. I hope to be able to derive a plan for portfolio positioning and seeing where to start watching for opportunities to come.

The notorious author (JOHN J. MURPHY) explains in glib & simple English with real time market incident (examples) and the interpretations gives unequivocal knowledge on why & which market is moving UP/DOWN. Furthermore it is very helpful on asset allocation. &The paper quality, print and delivery by the seller is very good

sensazionale

Great book to get an understanding into inter market relationships. Defiantly opens to the door to analysing price action across markets. Bought the trading with intermarket analysis book also.

Ich habe von Murphy schon sein Buch über technische Analyse gelesen und wollte sehen, was er nun zu den Ereignissen 2000 schreibt. Er hat nicht nur diese, sondern auch 1930 u.a. wichtige Zeitereignisse genau untersucht und das Zusammenspiel der verschiedenen Märkte/ Gesellschaftsebenen erklärt. Mir ist dadurch auch vieles zu dem Crash 2007/8 klarer verständlich geworden.Ich kann das Buch jedem empfehlen, der sich für Börsengeschichte und -zusammenhänge interessiert.